When the Owner of a Firm Sells "Recession Insurance" to Her

question 59

Multiple Choice

When the owner of a firm sells "recession insurance" to her employees, it means that the:

• A) employees sacrifice larger bonuses during good economic times in return for higher salaries during bad economic times.
• B) owner of the firm earns higher profits during bad economic times by skimming off the workers' salaries.
• C) employees are not allowed to quit the firm for higher pay during good economic times.
• D) employees are not allowed to quit the firm during bad economic times.

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Definitions:

Taste Buds

Sensory organs located on the tongue that allow us to experience tastes, such as sweet, salty, sour, bitter, and umami.

Taste Thresholds

The minimum amount of a substance required for its taste to be recognized.

Inner Ear

The innermost part of the ear, containing the cochlea, semicircular canals, and vestibular sacs.

Vestibular Sense

Involves the perception of balance and spatial orientation, facilitated by the inner ear.